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Home Economy

German employment figures defy expectations by rising in January

Ivan Fischer by Ivan Fischer
29 January 2021
in Economy
German employment figures defy expectations by rising in January

Hand turns a dice and changes the German word "Zeitarbeit" ("time-work" in English) to "Leiharbeit" ("temporary work" in English).

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Brussels (Brussels Morning) German government incentives aimed at encouraging companies to keep their workers on the payroll despite the coronavirus pandemic seem to have generated an unexpected boost to employment figures in January, Reuters reports. 

The number of unemployed people in Europe’s largest economy dropped by 41,000, to 2.7 million. In a previous Reuters poll, experts had predicted that unemployment would grow, with an expected average of some 6,000 jobs lost.

Kurzarbeit scheme

According to the Germany’s Labour Agency, some 2.26 million people were working on shortened working hours in November, as part of the government’s “short work” (Kurzarbeit) scheme. The scheme was put in place to prevent mass layoffs during the economic downturn. Government subsidies were offered to companies that retained their workforces despite the diminished volume of work.

“The labour market remains in a robust condition in January,” Labour Agency head Detlef Scheele declared. “But the measures in place to tame the coronavirus pandemic are leaving a mark.”
The German economy is currently in its second lockdown since mid-December. Federal and regional governments recently agreed on an extension and to strengthen the measures, keeping more workers at home and slowing down the economic turnover.

Tags: employmentGermany
Ivan Fischer

Ivan Fischer

Ivan is a Zagreb-based journalist with extensive experience in covering European and global politics, economy and emerging technology challenges. He is a foreign policy reporter for the leading Croatian daily Jutarnji list, as well as an alumnus of several journalism training programmes organised by Thomson Reuters Foundation and Robert Bosch Stiftung.

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